There’s no single “right” approach to giving. However, having a philanthropic strategy that aligns with your values can feel really right.
Maybe you want to start a foundation to help end poverty, have a passion for the arts and want to fund a scholarship program, or you simply give to make a difference in your community. Whatever your reason – who you donate to and why can be a very personal and sometimes sentimental decision. However, being thoughtful and intentional about why you give is just as important as finding the right way to give.
Learning about your experiences with money helps us give you personalized and holistic guidance. When we help you make financial decisions, we’ll ask questions until you find clarity of purpose. Your responses then become the framework for helping us guide you in confidently making these important decisions. This is true for all financial decisions, including charitable donations.
Our dialogue begins with obtaining the answers to questions such as these to hone in on what’s most important to you when giving.
When we know your philanthropic goals, we can help determine the type of organizations and donations to consider and the appropriate vehicle to direct your gifts.
Below are three common ways to give to charitable organizations:
Setting up the proper vehicle will not only help you in reaching your philanthropic goals but may also benefit your broader financial situation (e.g., tax deductions).
A philanthropic mission is the combination of the reasons, motivations and purpose of why you are giving. There are several ways to be strategic about your philanthropic mission. Part of the process is to clearly define what the benefits of philanthropy are, and which benefits are important to you.
In our work with individuals and families, we’ve identified four key steps in helping define a philanthropic mission and strategy. We take our clients through these steps, each one building upon that last, to help them articulate their philanthropic mission and the strategy to achieve their vision. You can utilize these steps whether you’re just starting the journey, changing direction or even preparing for a new leadership role.
Let’s take this discussion to a more personal level.